Liberty Bank’s pending $78 million merger with a Naugatuck thrift has cleared state bank regulators, and will proceed to a first-quarter closing.
Stockholders of both Middletown-based Liberty and Naugatuck Valley Savings & Loan have already approved the $11 a share merger.
On top of approval from the state Department of Banking, the merger also previously has obtained the necessary federal regulatory approvals to proceed, a Liberty spokeswoman said Thursday.
